Market regulator also announces measures for mutual funds sector.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
Calling himself 'Shramik No.1' (Worker No.1), he listed out initiatives taken by his government for the welfare of labourers.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Uber is facing sharp criticism from fellow taxi providers for not following strict security norms leading to the rape of a passenger in New Delhi.
'Modi and Obama both had agendas that went beyond the nuclear deal. The threat from the chilly Himalayas had to be tackled in the warm waters of the Indian Ocean.'
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
The US House of Representatives averted a government shutdown on Thursday, narrowly passing a $1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Close to a million small shareholders have stake in nine NCLT-bound companies
'Workers and employers should be ready for a change demanded by the new dynamism of the economy'
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
''I am not going to force anyone to watch movies. If they want to, they can come and watch.' 'I want to give them the choice that everyone has in the rest of the country.'
Check if you are eligible. Keep documents ready. Plan in advance to avoid last-minute delays.
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
Universal basic income or social security? Economist Nitin Desai feels we need a blueprint for universal health care and pensions to help the vulnerable section.
Rose Valley is one of the biggest money businesses after Sahara.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
A CBTR pertains to transfer of funds through various channels abroad.
Weeks after 'breakthrough', substantial work is yet to be done
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Finance Minister Arun Jaitley more than halved the central government's financial support.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The bill seeks to ensure health-care, treatment and rehabilitation of persons with mental illness "in a manner that does not intrude on their rights and dignity."
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
'By his very presence in Delhi on Republic Day, Obama is revisiting the most defining relationship of the 20th century after a period of stagnation,' says Ambassador T P Sreenivasan.
Here are 15 things that would have made 2015 a great year.
The government has provided a long-term vision.
On the first anniversary of the Narendra Modi-led NDA government, Sangh Parivar affiliates say they are annoyed with the ruling dispensation but can't live without it either
'Modi's investment in the relationship with Washington is the biggest deliverable of this visit. He means business and that's fantastic!'
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
He said land is required for rural roads, irrigation, electrification.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
For all the controversy, the concept of prominent First Children is not novel in democracies. So why is Donald Trump's daughter different and discomfiting?
